The recent choppy consolidation in bitcoin’s price action may have caused concern among many market players, but there is a group of holders who are seizing the opportunity to increase their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been significantly adding to their positions. According to Santiment, these whales have
Crypto
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a decrease in daily trading volume to $779.87 million on Monday. This decline marks the third lowest trading volume after the records set on February 5th and 6th, which were $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into the spot
The world of cryptocurrency has once again been shaken up by the surge of meme coins, particularly those with cat and dog themes. These meme coins have collectively pushed the sector’s market cap above $40 billion, showcasing the significant influence of these digital assets in the market. Popular cat-themed meme coins like Popcat (POPCAT), Mog
The recently published 2024 Party Platform by the Democratic National Committee has brought some eyebrows and raised concerns within the crypto community. This ninety-two-page document, which outlines the party’s future political priorities leading up to the next election, has completely left out any mention of Bitcoin, crypto, or blockchain technologies. This omission has not gone
Hut 8 Corp. recently revealed its financial results for the second quarter of 2024, and it was not all good news for the leading North American Bitcoin miner. Despite experiencing a notable 72% year-over-year revenue increase to $35.2 million, the company still reported a substantial net loss of $71.9 million. This significant loss was primarily
TeraWulf faced a significant setback in the second quarter of 2024 with a 21% decrease in BTC production compared to the same period in 2023. This decline in production can have serious implications for the company’s revenue and overall performance. It is imperative for TeraWulf to address the reasons behind this decrease and take corrective
Norway, with a population of nearly 5.5 million, has made headlines with its significant investments in Bitcoin. The government’s investments for its citizens total some $1.7 trillion, with a portion allocated to Bitcoin stocks. In fact, Norway now indirectly owns 2,446 BTC through its investments in crypto stocks, marking a bullish move for the cryptocurrency.
A recent ruling by the Dubai Court of First Instance has set a precedent by recognizing cryptocurrencies as a legitimate mode of salary payment in the United Arab Emirates. This landmark decision has significant implications for employment contracts in the region, highlighting the growing adoption of digital assets such as EcoWatt tokens (EWT) in the
Blockchain investigator ZachXBT recently uncovered a case involving North Korean developers who reportedly stole $1.3 million from a project’s treasury. These developers, hired under false identities, inserted malicious code into the system, enabling them to make an unauthorized transfer of funds. The stolen money was first sent to a theft address, then moved from Solana
In a recent report by Bitwise, it was revealed that U.S.-based institutional investors are continuing to show strong support for Bitcoin through spot ETFs. Despite market volatility and declining prices in the second quarter, approximately 66% of these investors either maintained or increased their holdings. This trend was highlighted by Bitwise’s chief investment officer, Matt
